Large-formal retail space in a power center - “Monterey Marketplace”
Traffic exposure: 66,000+ VPD
Approved for education-use
$711,000 in Recent Capital Improvements (Roof & HVAC)
Description
Outstanding retail/education investment in one of the most affluent cities in the Coachella Valley. This single-tenant building is zoned C-C, uniquely approved for education use and is currently occupied by San Joaquin Valley College, an accredited trade school. SJVC is a strong regional tenant with 15 campuses in California. The lease structure is NNN+CAM, with roof and structure as landlord responsibilities. The recent upgrades, including a new HVAC system valued at $595,000 installed in 2022, and roof reconditioning completed in December 2025 with a 10-year warranty, further enhance the property's allure. Don't miss out on this turnkey retail gem.
Located in the Monterey Marketplace power center next to Home Depot, across from Costco and Walmart with proximity to Disney Cotino and surrounded by high-traffic retail anchors.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
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